1 Baldwin Avenue 1008, San Mateo, California 94401, San Mateo, 94401 - 2 bed, 2 bath
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1 Baldwin Avenue 1008
San Mateo, California 94401
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,125Sq Ft
0Lot Size
Property Price
LIST PRICE$425,000
EST. MARKET VALUE
$377,445
12% AboveMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is listed at a List Price of $425,000, positioned well below the $377,445 Fair Market Value by -12%. While the property requires cosmetic updates given its Condition Rating of 4, it offers modern infrastructure including a private garage with a Level 2 EV charger. Residents enjoy extensive amenities like an indoor pool, gym, and workshop. Located in a prime San Mateo retirement community, this asset is best suited for Buy-and-Hold Investors or Retirees seeking a lifestyle-focused residence with significant long-term potential.
Estimated Market Value
$377,445
Based on Realkey algorithm analyzing recent comparable sales in San Mateo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1 Baldwin Avenue 1008 Subject | $425,000* List Price | 2 | 2 | 1,125 | $336 | - |
A 1 Baldwin Avenue 822 Sold | $312,176 | 1 | 2 | 1,112 | $281 | 0.0 mi |
B 1 Baldwin Avenue 816 Active | $349,000 List Price | 1 | 2 | 1,100 | $317 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1988 (36 years old), the property falls into the dated category. While it features functional systems like central HVAC and a modern EV charger, the mention of carpet throughout and standard electric appliances without recent renovation history suggests the interior is original and requires cosmetic updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Infrastructure
The inclusion of a private garage with a Level 2 EV hookup and central air conditioning provides modern convenience and sustainability rarely found in older condominium complexes.
- Extensive On-site Amenities
Residents benefit from a comprehensive suite of facilities including an indoor heated pool, gym, workshop, and a dedicated kennel/dog run, catering to a diverse range of hobbies and needs.
- Prime Location
Situated near downtown San Mateo, the property offers excellent walkability and easy access to premium shopping, dining, and essential services, enhancing the retirement lifestyle.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-08-29. The sold price is $199,000.00.
- High Monthly Carrying Costs
The association fee of $7,290 is exceptionally high, which significantly increases the total cost of ownership and may deter budget-conscious buyers despite the lower list price.
- Restricted Market Appeal
As a unit within a retirement community, the property is limited to a specific age-restricted demographic, which naturally reduces the pool of potential buyers and long-term resale flexibility.
About 1 Baldwin Avenue 1008
Located in San Mateo, this home offers a two-bedroom, two-bathroom layout with 1,125 square feet of living space. The kitchen is equipped with an electric oven range, refrigerator, dishwasher, and garbage disposal, providing essential appliances for meal preparation. Carpet flooring extends throughout the home, complemented by central forced air heating and central air conditioning for year-round comfort. Laundry needs are met with an in-unit washer and dryer. The property includes a garage with an electric vehicle Level 2 (240 volts) hookup. Additional features include ample closet space and a security gate. The outdoor amenities feature an indoor heated pool and spa with jetted hot tub capabilities. Existing structures on the property include a gym, kennel/dog run, pool house, shed, storage facility, and workshop. The home is located within a beautiful retirement community, with convenience to downtown San Mateo.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1988
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $7290.0 / Month
Neighborhood Insights
San Mateo Unified Schools
San Mateo Park Elementary School
Grades K-5 • 0.9 mi
4/10
Borel Middle School
Grades 6-8 • 1.1 mi
6/10
San Mateo High School
Grades 9-12 • 0.8 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.8 |
| Baths | 2.0 | 1.5 |
| Square foot | 1,125 | 1,024.447 |
| Lot Size | - | 13,097.842 |
| Price | $425.0K | $732.3K |
| Price per sq ft | $378 | $763 |
| Built year | 1988 | 1981 |
| HOA | $7290.0 | $852 |
| Days on market | 30 | 63 |
Pricing History
Listed for Sale
Aug 10, 2026
$425,000
Initial Listing
Sold
Aug 29, 2025
$199,000
Public Record